Employees considering second gig to meet financial needs
Nearly half of employees in Australia are considering a second job in order to make financial ends meet, according to a new survey from Robert Half.
The poll, which surveyed 1,000 full-time employees, found that 46% are eyeing a second job in the next 12 months, with Gen Zs most likely to seek an additional source of income (54%).
Around half of Gen X (50%) and Millennials (48%) respondents also said they were interested in a second job, while only 30% of Baby Boomers are considering it.
Financial-related reasons have been the most cited factors for their interest in a second job, according to the report. Employees' list of reasons includes:
The findings come as one in 10 Australian employees are working multiple full-time jobs, according to data released earlier this year by Indeed.
Nicole Gorton, Director at Robert Half, said the findings indicate the economic pressures facing Australians.
"In the current economic climate, a growing number of individuals are exploring second jobs to supplement their income and enhance their financial security," Gorton said in a statement.
"Taking on a second job is a personal decision that requires careful consideration to find a balance that supports both financial goals and overall well-being."
Meanwhile, more than half of employees (57%) believe that their current employer would be supportive if they took on a second job.
More than a quarter (27%), however, believe their employer would be against their plan, according to the report.
Gorton warned that potential consequences may be possible if having a second job is against the organisation's policy.
"Workers will need to check what (if any) obligations they have with their current employer before taking on a second job," she said. "A failure to comply with an employer's policy or contractual obligations in this space could have serious implications for workers."
Employers, on the other hand, have been urged by Gorton to acknowledge the reality of multiple job holders and their reasons for doing so.
"While there is a myriad of potential benefits of a multi-skilled workforce like bringing fresh perspectives and innovative ideas to the table, organisations need to ensure they are providing salaries and benefits in line with industry standards to not only retain their staff but to create a supportive culture," Gorton said.
